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MIYAJI ENGINEERING, 57% Decrease in Ordinary Profit for The Current Fiscal Year

Wed May 14, 2025 3:00 pm JST Earnings

3431 MIYAJI ENGINEERING GROUP, INC. 【J-GAAP】

Earnings Report

MIYAJI ENGINEERING GROUP, INC. <3431> [TSE Prime] announced its financial results in the afternoon session on May 14th (15:00). The consolidated ordinary profit for the fiscal year ending March 2025 increased 20.1% from the previous period to 9.49 billion yen. However, for the fiscal year ending March 2026 is also bleak, with an expected significant drop by 56.8% from the previous period to 4.1 billion yen.

At the same time, the company intends to pay an annual dividend of 97.5 yen for the current fiscal year, with the actual dividend unchanged from the previous year's dividend after taking the previous year's forward stock split into account.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 61.7% from the same period last year, reaching 1.8 billion yen. The operating profit margin improved from 6.5% in the same period last year to 8.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,279 5,127 5,373 3,077 113.1 35 May 15, 2023 J-GAAP
Mar, 2024 69,365 7,904 7,908 4,354 160.0 96 May 14, 2024 J-GAAP
Mar, 2025 74,725 9,168 9,496 4,863 181.8 97.50 May 14, 2025 J-GAAP
YoY +7.7% +16.0% +20.1% +11.7% +13.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 73,000 8,500 8,600 4,000 150.8 97.50 Nov 8, 2024 J-GAAP
Mar, 2025 Results 74,725 9,168 9,496 4,863 181.8 97.50 May 14, 2025 J-GAAP
Revision Rate +2.4% +7.9% +10.4% +21.6% +20.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 36,100 4,474 4,626 2,252 83.5 42.50 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance 29,000 2,200 2,300 1,300 49.0 42.50 May 14, 2025 J-GAAP
YoY -19.7% -50.8% -50.3% -42.3% -41.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 69,365 7,904 7,908 4,354 160.0 96 May 14, 2024 J-GAAP
Mar, 2025 74,725 9,168 9,496 4,863 181.8 97.50 May 14, 2025 J-GAAP
Mar, 2026 Guidance 58,000 4,000 4,100 2,500 94.3 97.50 May 14, 2025 J-GAAP
YoY -22.4% -56.4% -56.8% -48.6% -48.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 17,056 1,103 1,119 653 24.0 6.5 May 14, 2024 J-GAAP
Apr - Jun, 2024 15,692 1,208 1,306 719 26.4 7.7 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 20,408 3,266 3,320 1,533 56.8 16.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 17,829 2,974 3,061 1,469 54.8 16.7 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 20,796 1,720 1,809 1,142 42.7 8.3 May 14, 2025 J-GAAP
YoY +21.9% +55.9% +61.7% +74.9% +77.9%

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